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Savings Account

An easy, no-nonsense savings account

Count on earning interest plus other ways to build your rainy-day fund. Convenient Mobile Banking features help you monitor your finances.

Applying typically takes 10 minutes or less

What's your spare change worth? Plenty over the long haul.

Using our Saving Cents option, every debit card purchase from one of our Checking accounts rounds up and the change is automatically transferred to your Armed Forces Bank Savings account.

1. Choose how much you'd like to round up your debit card purchases from your checking account. Options range from the nearest $1 to $5 increment.
2. Save every time you make a purchase. Each night we’ll round up the extra change and automatically transfer from your checking to your savings.

To sign up, call or visit a branch, or log into Mobile Banking and send a Secure Message.

Savings Account Interest Rates

Account Balance Annual Percentage Yield
All Balances 0.03%

Sound good, so far? Here are some things you should know.

  • Minimum $25 deposit required
  • No monthly service charge with a $100 average balance each statement cycle. Otherwise, it’s a $5 monthly service charge
  • Free eStatements or $5 paper statements
  • Closing new savings accounts within 90 days of opening will result in a $20 early closure fee

Want to know how much you have to save to achieve your savings goals? Check out our Savings Financial Calculators. 

If this doesn't sound like the perfect option for you, check out our other savings options. Compare Savings Options.

Related FAQs

1 Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items. The interest rate is subject to change daily. If the account is closed prior to the interest payment date, no interest will be paid. Fees may be charged to the account which could reduce earnings on the account. The Annual Percentage Yield (APY) is accurate as of .
2 Message and data rates may apply - such charges include those from your communications service providers.
When using Cash2Debit™ to make a cash deposit using your debit card at a participating retailer, a $4.95 per transaction fee may apply.

Deposit limits and restrictions apply. Not available in Vermont. Ask an Armed Forces Bank associate for details. Not available at self-checkout.

 FDIC-insured up to the maximum allowed by law